Japan's Financial Services Agency (FSA) has initiated a public consultation period to gather feedback on draft rules concerning eligible bond types for stablecoin collateral. According to ChainCatcher, the consultation will remain open until February 27, 2026.
This initiative aims to implement the Payment Services Act of 2025 by defining the 'specific trust beneficiary rights' of issuers' reserves. The FSA stated that the finalized standards will dictate the asset composition of all regulated, yen-pegged stablecoins issued within the jurisdiction.